If you’re a homeowner, a residential property tax protest should always be on your radar around this time of year – even if you filed one last year and won.
The truth is, property tax calculations are based on a lot of arbitrary data – data you just don’t have control of. Appraisal districts use recent home sales and other market info to create your home valuation, and in today’s market, a good chunk of properties are being over-valued. In the end, that means a higher property tax rate and more money out of your pocket – year after year.
Filing a residential property tax protest is vital to bringing that valuation down to an appropriate number and lowering your tax bill for as long as you’re in the home.